Author: FX

It is said that the two discussed the matter on the sidelines of the G20 summit, with Xi stating that China is ready to “consolidate” a strategic partnership with Germany. That before raising the matter of the tariffs imposed by the EU on Chinese-made EVs.Xinhua also reports that China is looking to “resolve the differences through dialogue and consultation”. Adding that “it is hoped Germany will continue to play an important role in this regard”.With Trump tariffs now a threat for both the EU and China, the ongoing dispute here is something that both sides would probably like to resolve…

ASX: SUN Elliott Wave technical analysis Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with SCENTRE GROUP – SCG. We see ASX:SUN continuing to push higher with wave (iii)-orange of wave ((v))-navy. ASX: SUN one-day chart (semilog scale) analysis Function: Major trend (Minuette degree, purple). Mode: Motive. Structure: Impulse. Position: Wave (iii)-orange of Wave ((v))-navy. Details: Wave ((v))-navy is extended, and is subdividing into wave (i)-orange to wave (iii)-orange. Wave (iii)-orange continues to rise higher, aiming at the target around 21.00 – 23.00. Invalidation point: 18.65. SUN four-hour chart analysis Function: Major trend (Minute degree, navy). Mode: Motive.…

It looks like USD/CHF is in correction mode on its uptrend, but will these support zones still be able to keep losses in check? Here’s what I’m seeing on the 4-hour chart. USD/CHF 4-hour Forex Chart by TradingView This dollar pair has been forming higher lows connected by an ascending trend line that’s been holding since October, and it looks like another test of support is underway. As you can see from the chart above, USD/CHF retreated from the .8900 major psychological resistance area and is currently pulling back to the 38.2% Fibonacci retracement level. Are buyers about to jump…

The world of forex trading can feel like navigating a stormy sea. Trends shift, momentum ebbs and flows, and pinpointing the perfect entry and exit points can be a daunting task. But fear not, fellow traders, for there’s a powerful tool lurking in the arsenal of technical indicators: the Brooky KST Advanced Analysis Version 3 Chart MT4 Indicator. This isn’t your average, run-of-the-mill indicator. The Brooky KST boasts a unique blend of technical analysis tools, offering a comprehensive view of market conditions. Intrigued? Let’s dive deep and unveil the secrets this indicator holds! Demystifying the Brooky KST The Brooky KST…

Westpac Leading Index, in brief:Leading Index has moved into positive territory, from –0.20% in September to +0.26% in October.This provides a tentative signal that growth momentum is set to improve from its current nadir.Improvements mostly centred on components related to consumer sentiment and commodity prices. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

With few big reports to price in, the U.S. dollar struggled as escalating Russia-Ukraine tensions initially lifted demand, but falling Treasury yields and weak U.S. housing data erased gains. Gold and crude oil rallied on geopolitical worries, while improving risk sentiment later in the session pushed equities higher and drove bitcoin to fresh record highs. How did your favorite assets trade on Tuesday? We have the deets below! Headlines: RBA meeting minutes: The cash rate is appropriate, but core measure of inflation remains elevated, highlighted offshore risks related to US policy and China’s stimulus Switzerland trade surplus jumped from 4.94B…

Helium Evolution GAAP EPS of C$0.00 Source link

Canada’s headline inflation rate bounced back in October, with the Consumer Price Index (CPI) rising to 2.0% year-over-year, up from September’s three-year low of 1.6%. Turned out, the return to the Bank of Canada’s (BOC) target rate was primarily driven by a smaller decline in gasoline prices. On a monthly basis, the headline CPI increased 0.4% in October, reversing September’s 0.4% decline. Core CPI jumped by 0.4%, much higher than September’s 0.0% and the expected 0.1% uptick. Link to Canada’s Consumer Price Index Report (October 2024) Meanwhile, BOC’s preferred core measures also showed broad accelerations: Trimmed CPI increased to 2.6%…

Mexican Peso stages a comeback, reversing earlier losses driven by brief escalation in Russia-Ukraine conflict. Banxico Governor Victoria Rodriguez Ceja indicates the potential for continued rate cuts. Mexico’s 2025 fiscal budget viewed as optimistic, based on growth targets of 2-3% amid concerns over public spending cuts. The Mexican Peso advanced against the US Dollar during the North American session on Tuesday, yet it recovered some ground after the USD/MXN hit a daily high of 20.34 due to risk aversion. A brief escalation of the Russia-Ukraine conflict was the main reason that pushed the pair higher, yet the Mexican currency staged…

By Jason Lange WASHINGTON (Reuters) – Americans see inflation as the leading issue President-elect Donald Trump should tackle during his first 100 days in office, according to a Reuters/Ipsos published on Tuesday. Some 35% of respondents in the three-day poll, which closed on Sunday, picked inflation as the area Trump should focus on, compared to 30% who said immigration and 27% who said jobs and the general economy. Another 23% said Trump, who will be sworn into office on Jan. 20, should focus on unifying the country. Smaller shares said he should focus on taxes, crime or foreign conflicts. A Republican,…